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Why Ethereum online casinos are so popular in Canada

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Ethereum has continued to boom over the course of 2021, with the year having been rather receptive to the crypto token despite all of the issues that have had an impact on various other coins. Whether it be the comments to have been made by influential figures from around the world such as Elon Musk, or whether it be the decisions taken by governments around the globe who are concerned – and perhaps fearful – of what cryptocurrency can do to their financial state, Ethereum has managed to maintain steady growth and has managed to become a huge coin within the industry.

According to research and estimates, it is believed the market cap of the coin is in the region of around $243 billion, thus highlighting just how popular it has become. One industry to have benefitted from its rise is the online casino sector. Canadian Ethereum casino Winz.io  is an online gambling platform that will allow bettors from the country to play with this particular form of crypto, as they have already recognized the boom and growth that the sector and the coin have managed to achieve over the last couple of years and since ETH was launched in 2015 by Vitalik Buterin.

Blockchain technology is a huge benefit for everyone

Online casinos will have looked to allow for the world’s second most sought-after token because it relies on blockchain technology. This tech will then allow users of the coin and the operators that accept them to receive the highest levels of security when a digital transaction is made. There are many other benefits that this coin provides to online casinos and holders who decide to wager with it. One of them is simply down to the fact that the coin has very little fluctuation value and, again, links with the fact that a high level of security is provided to any transaction used, thus making it a safe alternative payment method. Finding an online casino that accepts Ethereum is not always easy, but if a platform already offers users the possibility of depositing with Bitcoin, then that is a good start as both tokens will use blockchain technology.

Advantages & drawbacks of using Ethereum at online casinos

Ethereum is considered to be one of the ideal ways for Canadian gambling players to fund their online casino accounts as there are a number of benefits and advantages associated with the coin. Firstly, going back to the fluctuation point outlined above, as there is not much hype or interest in it as there are other forms of digital currency, the value of it remains relatively stable, thus making it less risky as the price will rarely alter without a moment’s notice.

Furthermore, the transactions made when using Ethereum have a longer validity period and the minimal fees that are involved when making a transaction make them more attractive and preferred over other options that may be available.

Lastly, the fact that ETH transactions use smart contracts are a major benefit and differentiates crypto from the other various alternatives that can be used. This is because smart contracts are an automated program that is specific to this particular digital coin in blockchain technology that allows for the transactions to run as smoothly and effectively as intended.

Unfortunately, there are some potential drawbacks in regards to using Ethereum in online casinos and some that may be too difficult for some to get their head around. Holders of the coin will already know that this crypto is less user-friendly compared to many of the other versions available, which is why it is not as popular as others. In addition, the coin is not as widely accepted at many online casinos, although many have been working hard to accept it but there is still a way to go before it does become as usable as many of the other options that can be found.

 

Canada

Hacksaw Gaming and DraftKings Score Again in Ontario

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2023 saw Hacksaw Gaming go live in West Virginia and New Jersey and now we have made our long-awaited entry in Ontario, Canada. Securing this trio has hit new heights and hopes for further successes throughout the rest of this year.

DraftKings Casino entered the iGaming market in Ontario in May of 2022 and partnered with Hacksaw Gaming in the back end of the same year. As Ontario’s regulated iGaming market only went live in April of 2022, the pair have given an outstanding performance with effective launch strategies and expansive footing in North America.

Apart from gaining an unprecedented reach across regulated markets, the mobile-friendly format of Hacksaw Gaming games can be visited on phone or tablet via the DraftKings Casino app. Boasting an impressive online casino’s selection of over 300 games, DraftKings now welcomes Hacksaw Gaming favourites such as Chaos Crew, Mines, Omnom and Boxes.

“The benchmarks we have set as a partnership are remarkable and we are ready to take on more challenges continuing into 2024,” the Chief Executive Officer for Hacksaw Gaming, Marcus Cordes, said.

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Canada

Exploring Canada’s video Game Market: Survey Insights

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Technology has become a great source of entertainment to many. Video games particularly have garnered interest from all demographics. In Canada, the gaming industry has experienced significant growth, fuelled by increased accessibility to gaming platforms and the growth of online gaming communities.

Statistics indicate that a large percentage of Canadians are engaged in gaming activities, whether it be playing console or PC games, mobile games, or online multiplayer games. The popularity of video games extends beyond leisure pastimes, with many Canadians participating in gaming competitions, attending gaming conventions, and consuming gaming-related content on platforms like Twitch and YouTube.

The number of video game users in Canada reflects how broad the sector is, from mobile games to digital video games, download games and live streaming. In 2024, the gaming sector will see millions of users in each of these categories. Statista projects 13.38 million users for digital video games and 7.35 million users for online games respectively. It estimates that revenue in the Canadian video game market is expected to reach US$3,925.00m in 2024, so it is no surprise to observe the increasing popularity of the sector.

Well-known online casino provider BetVictor has compiled some key points from major surveys detailing the video game market to give further insight into its makeup and potential. The gaming culture in Canada is growing, which means the type of games and genres will grow along with the sector. Statista recently conducted a survey of 1 576 respondents aged 18 – 64 who are avid video game players, with telling results. ​​In December 2023, a survey about preferred video game genres in Canada revealed the top four genres as being Action, Action – adventure, Adventure and casual games accounting for 31% of respondents’ preferences.

David Winter, Marketing Manager at BetVictor notes that “We’ve seen a steady increase in the popularity of action-themed and adventure-themed slots and many providers are exploring how to expand further into this market.”

The popularity of Action games such as platform and fighting games can be attributed to various factors, such as: social interaction, accessibility and inclusivity, social appeal, and cultural influence. With such a diverse audience, all these factors are crucial to understand the appeal of Action games.

In the digital age, gaming has transcended mere entertainment to become a cornerstone of culture, and nowhere is this more evident than in Canada. From coast to coast, a diverse community of gamers is thriving, reflecting the country’s inclusive spirit and passion for technology. Whether it’s the casual gamer enjoying a quick session on their smartphone or the dedicated enthusiast meticulously building a custom gaming PC, Canada offers a welcome haven for all kinds of gamers.

Diving deeper into the Statista results, Strategy games accounted for 29%. This shows us that players have a strong interest in tactical and decision-making games. While role-playing (RPG) and sports games garnered 22% each, simulation and shooters trailed slightly behind at 21% and 20% respectively.

MMO (massively multiplayer online games), as well as MMORPGs (massively multiplayer online role-playing games) and MOBA (multi online battle arenas) came in at 13% and 8% respectively, representing a significant but niche following. With such a diverse array of preferences, the survey underscores the multifaceted nature of interests among Canadian gamers. It highlights the need for game developers to cater for a wide range of genres and gameplaying styles in the Canadian market.

From action shooter games to role-playing adventures, the industry has something for every gaming enthusiast in the Canadian market. Overall, the popularity of video games in Canada reflects a growing cultural phenomenon, where gaming has become a mainstream form of entertainment and a significant aspect of modern-day leisure activities.

Statistics anticipate a compound annual growth rate (CAGR) of 7.10% for 2022-2027, resulting in a projected market volume of US$24.52bn by 2027. Canada’s online gaming market is experiencing a surge in popularity, with a surging number of Canadian players engaging in immersive virtual reality experiences.

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iGaming Ontario Seeks Proposals for a Centralized Self-exclusion Solution Until April 24, 2024

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iGaming Ontario (iGO) is currently seeking proposals for Ontario’s centralized self-exclusion solution for igaming from now until April 24.

Partnering with iGO on this multi-year project offers a unique and exciting opportunity for forward-thinking and innovative organizations prepared to make a lasting positive impact on the igaming landscape in Ontario. Interested organizations can visit iGaming Ontario’s dedicated procurement page on MERX to review all NRFP details and prepare their submissions for this high-profile initiative.

The successful bidder will develop a system that:

  • Integrates seamlessly with all Ontario igaming operators’ systems, including Ontario Lottery and Gaming Corporation (OLG)’s igaming site.
  • Provides anyone 19+ with easy access to create and manage their self-exclusion profile.
  • Implements Know Your Customer (KYC) identity verification, registration, renewal, and reinstatement processes that are intuitive, simple, and offer supporting information.

How to Participate in the Bidding Process?

The Centralized Self-Exclusion (CSE) Solution, along with other iGO current and past bid opportunities, can be found on iGO’s MERX page.

Have a question?

Use the question and answer tool provided on iGO’s MERX page to submit any questions you might have. Please note that iGaming Ontario will only entertain questions about open bidding opportunities in accordance with government directives.

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